May 2018
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Latest - PENSIONS

  • Old Mutual launches new TVA service on 14 May

    9 May 2018

    Old Mutual Wealth is launching a new Transfer Value Analysis (TVA) service, from 9am on 14 May 2018, following the suspension of its old service in April, in response to the clarification made by the Financial Conduct Authority in PS18/6. The company said that in line with the new regulatory guidance, it would be...

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  • Pension freedoms withdrawals up sparking retirement decision concerns

    9 May 2018

    Pension savers are making the most of the pension freedoms, with over £17bn worth of payments being made since 2015, according to new figures published by HMRC, but concerns are raised around lack of understanding and the ability of consumers to make the best decisions regarding their retirement. The data showed a continued upwards trend...

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  • Defaqto publishes independent analysis of workplace pension schemes default funds

    7 May 2018

    Defaqto has published its workplace pension schemes default funds. The purpose of the guide, which is now in its second year, is to provide independent analysis of the workplace pension schemes available and their default funds, Defaqto said.  All workplace pension providers known to the financial information group were asked to contribute to the...

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  • Increase in early retirees, who are taking a hit on their income

    3 May 2018

    Nearly two thirds (60%) of those stopping work this year will do so before their state pension age or company pension retirement date, but it could hit their annual finances by over £3,000 according to a study by Prudential. The life assurer’s annual study, Class of 2018, found those planning on retiring early could...

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  • Further consolidation in SIPP market expected

    3 May 2018

    Financial advisers believe consolidation in the SIPP market will continue, according to a new survey by Dentons Pension Management. The survey of 55 advisers attending Denton’s Annual Seminar in March, found 85% believe the number of SIPP operators will reduce, with potentially a further five or more being consolidated. However, the results showed it...

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  • Technical: Property purchase via SIPP or personal pension cash?

    2 May 2018

    Should a client move their personal pension to a SIPP in order to purchase a property or simply withdraw the cash to do so? Jessica List, pension technical manager, Curtis Banks Group, explores both options Property is a hugely popular investment, with many investors preferring the idea of physical, tangible assets. Since the pension...

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  • Correction in UK commercial property market ‘unlikely’

    2 May 2018

    A major correction in the UK commercial property market is unlikely this year thanks to solid fundamentals and a realisation that Brexit will not herald another financial crisis, Kames Capital believes. Phil Clark, head of Property Investment at Kames, says the market remains in good health despite the ongoing uncertainty over Brexit, with net...

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  • More retirement pots supplemented by property wealth

    29 April 2018

    Four in 10 over-55s worry about not having enough money in their pension pot to cover their retirement, according to new research from SunLife. As a result, many more people are considering equity release to give them the lifestyle they want in retirement.   The study of more than 1,000 homeowners aged 55 and over...

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